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that she was likely to be nominated? and how would that have gone over among foreign policy experts? >> well, i think-- i mean, it's-- i think you have john kerry, or you have susan rice. and i think either one of them could be nominated and probably the foreign policy establishment would say that's fine. john kerry probably has more, but susan rice has served as u.n. ambassador and she's got know a lot of foreign experience, certain, from that experience. she's been at the state department before, too. i mean, her history is in foreign policy. she hasn't opinion secretary of state. he hasn't been on the hill in the capacity john kerry is, but she certainly is experienced. >> reporter: the aforementioned general petraeus, a story that continues to rock this town. the president talked about it at the press conference, said it was a sad personal saga. actually said very nice things about david petraeus' contributions to his country, and also said-- i'm not sure the exact word he used-- but basically no top vent intelligence was revealed. >> i think he made a point of saying so far. an
the financial crisis of four years ago, the chinese have been much more assertive in foreign policy, particularly in these territorial disputes in the south china sea. they have been saying some pretty outrageous things about for example the fact that none of the states in that area can talk to each other how to deal with a rising tide of. they all have to deal with china bilaterally. >> a party theorist ones that the real threat to china lies in the american encouragement of rights lawyers, underground religious activists, dissidents, a vulnerable groups. when this list was published, there was outrage because of the overtones with mao era which ones. there is no problem of democratic accountability at all. >> china will evolve its own type of democracy, whether at the west except it or not. i'd describe it this as some kind of election of a the past 2000, 200 years since china was traded to. at the top level, it is always a unified confusion. we havwithout this type of structure, the country will disintegrate. what is the greatest fear in your life, it would be chaos. >> right on
, interestingly, to telescope a long argument, the area of greatest continuity in u.s. foreign policy since the time of nixon has been our dealings with china. where, on the one hand, we think it's better if they grow than if they don't. on the other hand, we have all sorts of problems with them. i think that is the way obama has pursued it and will keep pursuing it. so i think they actually are relieved to have a second term. >> what do they want from us? >> they want essentially a chance to develop. i -- >> you mean develop economically? >> develop economically. and just to sort of breathe. when i lived in japan, i was quite alarmed, and remain so, about sort of the zero-sumness of many of japan's economic ambitions, which sort of came out of american achievement. in china's case, i think it's different. it's a gigantic poor country where most people are still poor. the per capita income is still, like, one-fifth what it is in the united states. a lot of really rich people, but still they have more farmers than we have people. and it's a giant challenge. and so i think what they want is i
won, you have a more flexible foreign policy. >> uh-huh. >> so the prognosis so far looks positive because you have these two leadership groups who more or less are willing to accommodate, negotiate, and so forth and so on. but the problem in asia, of course, is that you have some very stubborn views. in the countries, japan, korea, vietnam, philippines, they're all disputing these islands, and it can get out of control. >> tom: mark, how long have you been investing in china or looking at china for capital? >> it has been over 30 years. >> tom: how would you describe today's opportunity over the course of that generation of vistain investing time? >> it is incredible. ever day you see opportunities in china. the demand for services, for products, you name it. they hunger for all of these things, and they will increase. it will not decrease, because of the wages going up. >> tom: we will have more of our conversation with mark mobius next week on thanksgiving night. he tells us globalization has made the u.s. fiscal cliff a worldwide issue for investors. >> susie: that's "nightly b
Search Results 0 to 4 of about 5 (some duplicates have been removed)